Deal #6603 Version #76314

NAM KHAN 2 HYDROPOWER PLANT

"The project involves a total investment of about 2.4 trillion kip (US$308 million) that has been borrowed from Exim Bank of China...Nam Khan 2 is a large power plant project that will supply electricity for local consumption. It will particularly help people living in the northern part of Laos or remote areas who are still waiting for electricity to be supplied to their villages. The project’s large reservoir will also be developed as a major tourism site in the future helping to improve living conditions of people in the area. The project states it will lessen environmental impacts with gas, petroleum and energy producer Gazprom Marketing and Trading Singapore Pte., Ltd agreeing with EDL on an Emissions Reduction Purchase Agreement in 2012 to buy carbon credits from the project via a clean development mechanism." Management was transferred to EDL in 2015.